Zim reveals talks with strategic partners

The parent company of the container liner company Zim said in a stock exchange filing last week that the liner company has held talks seeking a strategic partner, but said both its debt and the Israel government's "golden" share were obstacles in those negotiations. Israel Corp., the parent company of Zim, said its shareholders will meet June 27 to consider restructuring the proposal, and if a quorum is not present, the meeting will be delayed until July 4. In a 299-page translation of a filing with the Tel Aviv Stock Exchange posted on its website, Israel Corp. , the owner of 99.7 percent of the carrier, said, "In recent years, Zim, with the active assistance of consultants, has taken active steps to look for a strate...